BlockBeats News: Chain gaming project Ascenders recently announced that it will stop developing games and cease company operations. The announcement stated that the results of the Land NFT minting carefully prepared by the team in May 2023 fell far short of expectations. Niels, an angel investor in Ascenders, reportedly said that the investor's investment had been accrued to 0, and in July this year, he learned that the company was facing bankruptcy because there was no remaining funds.
It is worth recalling that on March 8 last year, Ascenders, an action role-playing chain game project based on Avalanche, announced the completion of a US$6.4 million private placement round of financing, jointly led by Paramount Capital, Three Arrows Capital, Sino Global Capital and Merit Circle, with participation. Investors include DeFiance Capital, Blizzard Fund, Colony Labs, GuildFi, Momentum 6, Forward Analytics, Avocado Guild, Zee Prime Capital, Snack Club, Layer X and Mintable, etc.
It is worth recalling that on March 8 last year, Ascenders, an action role-playing chain game project based on Avalanche, announced the completion of a US$6.4 million private placement round of financing, jointly led by Paramount Capital, Three Arrows Capital, Sino Global Capital and Merit Circle, with participation. Investors include DeFiance Capital, Blizzard Fund, Colony Labs, GuildFi, Momentum 6, Forward Analytics, Avocado Guild, Zee Prime Capital, Snack Club, Layer X and Mintable, etc.